Jobs and the Economy

"Some of the most creative and innovative minds in the country call the 33rd District home. One in six jobs in Los Angeles come from the creative and tech sectors. CA-33 is home to five colleges, including UCLA and USC’s Viterbi Information Technology Institute, plus leading biotech, tech, aerospace, financial services and media companies. There is something the federal government can do that no private sector company can. And that is to make continuing investments in basic research, such as at institutions like UCLA, with no expectation of any rate of return. And eventually these investments pay off in dramatic ways for our economy. The biotech industry largely started because the federal government kept funding research on recombinant DNA technology until the breakthroughs got to the point where the private sector was able to take the knowledge and run with it. GPS was invented at Los Angeles Air Force Base and the Aerospace Corporation, a federally funded nonprofit, after years of research funding. As a member of the House Budget Committee, I am going to do everything I can to increase funding for basic research across all of our scientific disciplines."

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Three Democratic representatives have introduced a bill intended to promote retraining of industrial workers to enable them to take cybersecurity jobs. The "New Collar Jobs Act" would include loan forgiveness for students, tax credits for employers and other perks.

Several amendments to the House’s annual defense policy bill aim to curb President Trump and his family members from potentially using their new political clout for business profits.

An amendment to the fiscal 2018 National Defense Authorization Act (NDAA) from Rep. Ted Lieu (D-Calif.) would require that no Defense Department funds “be used to conduct business, including the purchase of hotel rooms or conference space, with any entity owned by or significantly controlled by the President or a member of the President’s immediate family.”

WASHINGTON ― Progressive members of Congress on Thursday unveiled their own plan to overhaul the nation’s crumbling roads, bridges and waterways ― an ambitious proposal that dwarfs plans offered both by President Donald Trump and Senate Democrats.

The Trump administration prepared Wednesday to release a tax reform plan that calls for big corporate rate cuts and an increase in standard deductions, a pricey package that could face an uphill climb in Congress.

“This is going to be the biggest tax cut and the largest tax reform in the history of our country and we are committed to seeing this through," Treasury Secretary Steve Mnuchin said during a morning forum sponsored by The Hill.